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Investment Property » For Sale » Usa » Florida » Palm Beach County » Apartment    

Apartment investment in Florida


Location

USA
Florida
Palm Beach County

Price

£92,500
to £119,000

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Property ID: 445747














     
 

 Description

Key selling points

  • $3,000 (£1,500) reservation fee
  • Nothing to pay until completion
  • Fully let and managed from day one
  • Guaranteed return from day one
  • 28% Cash-Back
  • Fully Furnished

Types Available
1 & 2 Bedroom Condos

Price Range
£92,500 to £119,000

Completion Schedule
Already Complete

Overall Payment Structure
20% Deposit
28% Cash-Back within 6 weeks

Finance Options
80% Interest Only Mortgage

Welcome to Ponte Verde – West Palm Beach
Originally built in 1991, Ponte Verde was fully refurbished in December 2005 with new roofing, painting, upgrades and cosmetics.

The developer is considered one of Florida’s most reputable builders and developers, and has forged a path toward converting the way people live in Florida by offering luxurious yet affordable communities. The developer’s legacy of quality home development in South Florida spans two decades setting precedent in construction.

Community Luxuries
Gated Entrance
State of the Art Fitness Club
Indoor Racquetball Courts
Spectacular Lake Views
2 Custom-designed Pools
Heated Spa
Lighted Tennis Courts
Sand Volleyball Courts
Elegant Clubhouse
Lush Tropical Landscape
Barbecue Areas
Car Wash Pavilion

Interior Luxuries
Solariums for additional living space
Gourmet kitchen with open serving bar and pantry
Ceiling fans
Vaulted Ceilings (on selected units)

Property Improvements
New 50-Year Shingle Roof
New Pool Deck & Furniture
New Landscaped Perimeter Fence
Newly Sealed Parking Lot

As quoted in The Times on Sunday the 20th of April 2008
“Like the rest of America, Florida has been hit hard by the sub-prime debacle, with property in most of the sunshine state in crises. Although some areas have proved notable exceptions. Palm Beach County has not gone down one iota.”

Now is the time to take advantage

A weak economy, a weak currency and an ailing property market... now is the time to take advantage. We are offering a unique opportunity to invest in this luxury, fully refurbished development, with an incredible 28% cash-back on completion. Working closely with some of the key lenders in the US, we have been able to source 80% consumer finance for foreign nationals. This effectively means that upon completion you, the investor, will get a greater amount of money back than that originally deposited to purchase the property.

Example deal
Purchase price £194,000 (£97,000)
Initial deposit £2,500 (£1,250)
Completion funds £9,215 (£4,607)
Purchase costs (paid on completion) £38,800 (£19,400)
Cash back (post completion 28%) £54,300 (£27,100)
Monthly mortgage payments (6%) £776 (£383)
Monthly rental income £1,095 (£547)
Monthly rental and management costs £282 (£141)
Total profit yr 1 (including cash back) £10,629 (£5,314)

 
     
     
 

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Financial and property investments bear varying degrees of risk. TheMoveChannel.com strongly discourages you from making any investment decision based upon information that you cannot independently confirm and strongly recommends that you seek advice from a qualified financial advisor or solicitor before you make any financial investment.

 
     
     
   
     
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